Shares of Direxion Daily Cloud Computing Bull 2x (NYSEARCA:CLDL – Get Rating) dropped 4.8% during mid-day trading on Wednesday . The company traded as low as $6.38 and last traded at $6.38. Approximately 6,753 shares changed hands during trading, a decline of 75% from the average daily volume of 27,437 shares. The stock had previously closed at $6.70.
Direxion Daily Cloud Computing Bull 2x Price Performance
The stock's fifty day moving average price is $6.76 and its 200-day moving average price is $6.58. The firm has a market cap of $6.70 million, a price-to-earnings ratio of 36.17 and a beta of 1.95.
Get Direxion Daily Cloud Computing Bull 2x alerts:Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of CLDL. Jane Street Group LLC raised its stake in shares of Direxion Daily Cloud Computing Bull 2x by 23.6% in the 4th quarter. Jane Street Group LLC now owns 19,488 shares of the company's stock valued at $115,000 after buying an additional 3,715 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Direxion Daily Cloud Computing Bull 2x in the 4th quarter valued at about $300,000. UBS Group AG increased its position in Direxion Daily Cloud Computing Bull 2x by 182.4% in the 4th quarter. UBS Group AG now owns 5,615 shares of the company's stock valued at $33,000 after acquiring an additional 3,627 shares in the last quarter. Finally, Credit Suisse AG increased its position in Direxion Daily Cloud Computing Bull 2x by 41.2% in the 2nd quarter. Credit Suisse AG now owns 155,323 shares of the company's stock valued at $1,148,000 after acquiring an additional 45,323 shares in the last quarter.
Direxion Daily Cloud Computing Bull 2x Company Profile
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The Direxion Daily Cloud Computing Bull 2X Shares (CLDL) is an exchange-traded fund that is based on the Indxx USA Cloud Computing index. The fund provides 2x leveraged daily exposure to a market-cap-weighted US equity index of companies involved in the cloud computing industry. CLDL was launched on Jan 8, 2021 and is managed by Direxion.
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